REGULATION

MiCA Transition Ends With Late License Wave

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European regulators issued a final round of crypto authorizations as the MiCA transition period closed, allowing more firms to keep serving EU clients under the bloc’s new digital asset rules.

The deadline changes which firms can keep operating across Europe. From July 1, crypto-asset service providers without MiCA authorization must stop regulated activity, limit service to orderly exits and protect client assets during wind-down.

Italy Lists Eight Approved CASPs

Italy’s central bank and securities regulator said eight crypto-asset service providers had been authorized by June 30. The approved firms are CheckSig, Conio, CryptoSmart, Hercle, Hodlie, Olliv, Riv Digital and Young Platform.

Banca Sella also notified the Bank of Italy that it intends to provide crypto-asset services as a supervised banking intermediary. The Italian notice said authorized operators can offer services across EU countries through the European passporting regime. That gives approved local firms a route beyond their home market under one MiCA framework.

France Adds June 30 and July 1 Approvals

France also added several names to its authorized crypto whitelist in the final days before and just after the deadline.AMF records show Aplo, Iceblock, Mereau Finance and Digital Assets with June 30 authorization dates. Trek Technologies is listed with a July 1 authorization date.

The late additions follow earlier June approvals in France, including Flowdesk Europe, Alphacap Digital Assets, Meria, Paymium, Leonod, Stable Mint, RCUBE Asset Management and Bpifrance Investissement. The wave gives France a deeper licensed roster, while Germany still leads Europe’s overall MiCA authorization count.

ESMA Register Showed 244 Approvals

ESMA’s interim MiCA register was last updated on June 26 before the deadline and showed 244 authorized crypto-asset service providers across the EU and European Economic Area. That number does not include every late national update issued after the register cutoff.

ESMA says the interim register is updated weekly, so newly approved firms may appear in national lists before they are added to the central register. The register remains the main source investors are told to check when confirming whether a provider is authorized.

Unlicensed Firms Enter Wind-Down

ESMA told unauthorized crypto firms to stop onboarding new EU clients, stop opening new accounts and end marketing activity. They can keep providing only the services needed to sell, transfer or close positions.

Custody can continue only for the time needed to complete an orderly exit.The final license wave gives approved firms a route to serve clients through MiCA passporting.

For firms that missed the deadline, the next step is client communication, asset transfers and orderly wind-down.

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